Belpointe Asset Management LLC Has $517,000 Position in Century Communities, Inc. (NYSE:CCS)

Belpointe Asset Management LLC cut its stake in Century Communities, Inc. (NYSE:CCS) by 4.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,054 shares of the construction company’s stock after selling 329 shares during the quarter. Belpointe Asset Management LLC’s holdings in Century Communities were worth $517,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Century Communities in the fourth quarter valued at about $5,663,000. Barclays PLC raised its position in shares of Century Communities by 86.3% in the 4th quarter. Barclays PLC now owns 141,799 shares of the construction company’s stock valued at $10,403,000 after buying an additional 65,685 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Century Communities by 27.9% during the 4th quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock worth $17,328,000 after acquiring an additional 51,589 shares during the period. Franklin Resources Inc. boosted its position in shares of Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after acquiring an additional 51,021 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Century Communities by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company’s stock valued at $18,631,000 after acquiring an additional 47,171 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CCS shares. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush restated a “neutral” rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.00.

Century Communities Stock Down 1.6 %

Shares of NYSE:CCS opened at $58.03 on Thursday. Century Communities, Inc. has a 52-week low of $55.85 and a 52-week high of $108.42. The company has a market capitalization of $1.78 billion, a PE ratio of 5.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The company has a fifty day moving average of $68.08 and a 200-day moving average of $79.10.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. On average, equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.00%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities’s payout ratio is presently 11.15%.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.